Baronsmead VCT 5 PLC Issue of Equity (8934R)
March 11 2016 - 9:17AM
UK Regulatory
TIDMBAV
RNS Number : 8934R
Baronsmead VCT 5 PLC
11 March 2016
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART
IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR south
africa OR any jurisdiction in which the same could be unlawful. the
information contained herein does not constitute an offer of
securities for sale in any jurisdiction, including in the united
states, CANADA, australia, japan OR south africa.
11 MARCH 2016
BARONSMEAD VCT 5 PLC
ISSUE OF EQUITY
On 10 February 2016 Baronsmead VCT 5 plc (the "Company")
announced an offer for subscription for new ordinary shares of 10p
each in the Company to raise up to GBP3,850,000 (before issue
costs) (the "Offer"). The Company announced that the Offer had
become fully subscribed on 19 February 2016.
The Company announces the allotment of 4,497,526 New Shares has
taken place today at an offer price of 85.60p per share (the "Offer
Price") pursuant to the Offer. In accordance with the terms of the
Offer, the Offer Price at which the New Shares have been issued has
been calculated by dividing the Company's latest published Net
Asset Value of 82.94p as at 29 February 2016 by 0.97 in accordance
with the pricing formula set out under the Offer.
The New Shares rank pari passu in all respects with the existing
Ordinary Shares.
Application has been made to the UK Listing Authority for the
New Shares to be admitted to the Premium Segment of the Official
List and to the London Stock Exchange for such New Shares to be
admitted to trading on its main market for listed securities. It is
expected that admission to the Official List will become effective
and that dealings in the New Shares will commence on 16 March 2016.
Definitive share certificates are expected to be dispatched within
ten business days of allotment.
Each Ordinary Share has one voting right. Following the issue of
New Shares pursuant to the Offer, the Company will have 61,698,902
Ordinary Shares in issue (of which 4,632,296 are held in treasury).
The total number of voting rights in the Company will therefore be
57,066,606 and this figure may be used by Ordinary Shareholders as
the denominator for the calculations by which they will determine
if they are required to notify their interest in, or a change to
their interest in, the Company under the Disclosure and
Transparency Rules.
Enquiries:
For further information please contact.
Michael Probin - VCT Investor Relations
Livingbridge VC LLP
020 7506 5796
This information is provided by RNS
The company news service from the London Stock Exchange
END
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